Contracts Act, 1960 (Act 25)
Section 16: (1)Any guarantor, or any other person being liable together with another for any debt or legal duty, who pays the debt or performs the duty, shall be entitled to have assigned to him any security held by the creditor and to stand in the place of the creditor and use all remedies available to him in respect of the debt or duty.
(2) Nothing in this section shall entitle the guarantor or other person liable together with another to recover from the co-guarantor or other person liable together with him more than his due proportion of the debt.
Subject : Consideration for contracts
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